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Dollar Rally May Come To An End As Fed Ponders Rate Cuts It was a precarious position to end the week. Through Friday’s close, the US dollar lost nearly 350 points from its one-year high against the euro and gave back 500 points to the British pound. Now the market will have to decide, has the greenback’s rally come to an abrupt end or is this just a breather before the buying continues? There are two major fundamental themes that could determine the dollar’s trend: the Federal Open Market Committee’s rate decision and the health of the financial sector.
The U.S. Federal Reserve left the Fed Funds rate unchanged at 2 percent. However, the FOMC statement released after the rate decision was less dovish than expected and the U.S. dollar rallied against the world’s most heavily traded currencies. In fact, despite the recent turmoil in the world’s financial markets, the Fed is still very concerned in anchoring inflation expectations to promote price stability.
today i took 77 pips from sell GU, i don't know but in my analyze GU still in range betwen 1.78xx and 1.77xx. Touched my TP at 1.7792, open trade and closed it at Asian session.
in the bigger picture i see GU still in down trend. How about others ?
today i took 77 pips from sell GU, i don't know but in my analyze GU still in range betwen 1.78xx and 1.77xx. Touched my TP at 1.7792, open trade and closed it at Asian session.
in the bigger picture i see GU still in down trend. How about others ?
I also think that GU is in down trend, but it up many pips now , I am in loss
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